House Prices in NR23 House Prices in NR23 (Wells-Next-The-Sea)

The average house price in NR23 (Wells-Next-The-Sea) is £474,500 using HM Land Registry data.

The average property price increased by £65,832 (30.96%) over the last 5 years and increased by £13,190 (4.52%) over the last 12 months.

Over the last year, there were 42 residential property sales – a decrease of 0 transactions (0.00%) relative to the previous year. The majority of house sales (11) were in the £320,000 - £410,000 range. Then came properties in the £410,000 - £500,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 251 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-14,431 (-2%).

In March 2025, there were 4 new estate agency instructions, 7 agreed home sales and 4 property price reductions.

5-Year Average Property Prices in NR23 (Wells-Next-The-Sea)

30.96%

Property prices in NR23 (Wells-Next-The-Sea) increased by 30.96% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NR23 (Wells-Next-The-Sea) Over the Last Year

4.52%

Property prices in NR23 (Wells-Next-The-Sea) increased by 4.52% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NR23 (Wells-Next-The-Sea) - March 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NR23 (Wells-Next-The-Sea)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NR23 (Wells-Next-The-Sea)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NR23 (Wells-Next-The-Sea)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NR23 (Wells-Next-The-Sea) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NR23 postcode area since 1995.

Recent Sales in NR23 (Wells-Next-The-Sea)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Manor Farm Drive, Wells-next-the-sea, Norfolk, NR23 1FB£650,000£635,000-£15,00005 Sep 202430 Jan 2025147 Days
17 - 19, Church Plain, Wells-next-the-sea, Norfolk, NR23 1EQ£399,950£370,000-£29,95031 May 202410 Jan 2025224 Days
Meadowside, Two Furlong Hill, Wells-next-the-sea, Norfolk, NR23 1HQ£600,000£550,000-£50,00016 Sep 202419 Dec 202494 Days
Star Cottage, Star Yard, Wells-next-the-sea, Norfolk, NR23 1AP£500,000£450,000-£50,00007 Nov 202216 Dec 2024770 Days
Tinkers Cottage, Bolts Close, Wells-next-the-sea, Norfolk, NR23 1JP£420,000£395,000-£25,00025 Jun 202424 Oct 2024121 Days
23 Mainsail Yard, Wells-next-the-sea, Norfolk, NR23 1FD£625,000£600,000-£25,00024 Jun 202418 Oct 2024116 Days
Northfield Lodge, Standard Road, Wells-next-the-sea, Norfolk, NR23 1EB£650,000£637,500-£12,50013 May 202408 Oct 2024148 Days
19 High Street, Wells-next-the-sea, Norfolk, NR23 1EW£575,000£563,000-£12,00029 Aug 202404 Oct 202436 Days
8 Neilsen Close, Wells-next-the-sea, Norfolk, NR23 1LU£270,000£260,000-£10,00006 Jun 202413 Sep 202499 Days
31 Neilsen Close, Wells-next-the-sea, Norfolk, NR23 1LU£299,950£290,000-£9,95004 Oct 202329 May 2024238 Days
The Cottage, Stearmans Yard, Wells-next-the-sea, Norfolk, NR23 1BW£400,000£375,000-£25,00019 Jul 202324 May 2024310 Days
15 Knitting Needle Lane, Wells-next-the-sea, Norfolk, NR23 1LN£200,000£177,500-£22,50004 Jan 202401 May 2024118 Days
61 Waveney Close, Wells-next-the-sea, Norfolk, NR23 1HU£425,000£425,000£018 Dec 202328 Feb 202472 Days
The White House, Chapel Street, Warham, Wells-next-the-sea, Norfolk, NR23 1NN£3,000,000£3,000,000£022 Jun 202316 Feb 2024239 Days
4 Grove Road, Wells-next-the-sea, Norfolk, NR23 1HY£475,000£460,000-£15,00013 Sep 202320 Dec 202398 Days
14 Church Street, Wells-next-the-sea, Norfolk, NR23 1JA£425,000£425,000£024 Aug 202320 Dec 2023118 Days
11 The Glebe, Wells-next-the-sea, Norfolk, NR23 1AZ£349,995£340,000-£9,99515 May 202302 Nov 2023171 Days
12 Mill Road, Wells-next-the-sea, Norfolk, NR23 1HB£460,000£450,000-£10,00025 Jul 202312 Oct 202379 Days
8 Mill Road, Wells-next-the-sea, Norfolk, NR23 1HA£465,000£448,000-£17,00002 Jun 202301 Sep 202391 Days
22 Chapel Yard, Wells-next-the-sea, Norfolk, NR23 1BJ£499,950£487,206-£12,74425 May 202331 Aug 202398 Days

Most Expensive Streets in NR23 (Wells-Next-The-Sea)

PostcodeStreetAreaAverageNo. of Sales
NR23 1QUChalk Hill Farm Barns, Binham RoadWells-Next-The-Sea£922,3333
NR23 1LEEast End, Wells-next-the-seaWells-Next-The-Sea£907,5004
NR23 1PXHome Piece Road, Wells-next-the-seaWells-Next-The-Sea£699,3744
NR23 1QPBridge Street, StiffkeyWells-Next-The-Sea£686,2504
NR23 1JTThe Granary, The QuayWells-Next-The-Sea£656,6663
NR23 1BEDogger Lane, Wells-next-the-seaWells-Next-The-Sea£655,3333
NR23 1AJWells Road, StiffkeyWells-Next-The-Sea£651,1119
NR23 1HQTwo Furlong Hill, Wells-next-the-seaWells-Next-The-Sea£596,6254
NR23 1DBMill Road, Wells-next-the-seaWells-Next-The-Sea£586,6663
NR23 1LAJolly Sailor Yard, Wells-next-the-seaWells-Next-The-Sea£585,2774

Least Expensive Streets in NR23 (Wells-Next-The-Sea)

PostcodeStreetAreaAverageNo. of Sales
NR23 1BYWestfield Avenue, Wells-next-the-seaWells-Next-The-Sea£224,1663
NR23 1LUNeilsen Close, Wells-next-the-seaWells-Next-The-Sea£226,6663
NR23 1DFTunns Yard, Wells-next-the-seaWells-Next-The-Sea£227,9663
NR23 1LQNorthfield Lane, Wells-next-the-seaWells-Next-The-Sea£264,0005
NR23 1LJNorthfield Waye, Wells-next-the-seaWells-Next-The-Sea£282,1256
NR23 1QLCamping Hill, StiffkeyWells-Next-The-Sea£287,4005
NR23 1DSTheatre Road, Wells-next-the-seaWells-Next-The-Sea£368,3333
NR23 1HUWaveney Close, Wells-next-the-seaWells-Next-The-Sea£372,0005
NR23 1QGAshburton Close, Wells-next-the-seaWells-Next-The-Sea£378,39521
NR23 1AZThe Glebe, Wells-next-the-seaWells-Next-The-Sea£424,3754

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